Andina Capital Management LLC Sells 1,017 Shares of Visa Inc. $V

Key Points

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Andina Capital Management LLC trimmed its position in shares of Visa Inc. (NYSE:V - Free Report) by 47.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,143 shares of the credit-card processor's stock after selling 1,017 shares during the period. Andina Capital Management LLC's holdings in Visa were worth $401,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Keystone Global Partners LLC acquired a new stake in Visa during the first quarter valued at approximately $26,000. von Borstel & Associates Inc. acquired a new stake in Visa during the first quarter valued at approximately $27,000. Measured Risk Portfolios Inc. acquired a new position in shares of Visa in the 4th quarter worth approximately $47,000. Navigoe LLC acquired a new position in shares of Visa in the 4th quarter worth approximately $53,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of Visa in the 1st quarter worth approximately $54,000. 82.15% of the stock is currently owned by institutional investors.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total value of $4,363,500.00. Following the completion of the sale, the insider directly owned 26,413 shares in the company, valued at approximately $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the sale, the chief executive officer owned 537 shares of the company's stock, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,100 shares of company stock valued at $27,643,224. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on V. Raymond James Financial reissued an "outperform" rating on shares of Visa in a report on Wednesday, July 30th. UBS Group reaffirmed a "buy" rating and set a $415.00 price objective (up previously from $405.00) on shares of Visa in a report on Wednesday, July 30th. Piper Sandler upped their price objective on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Macquarie upped their price objective on Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Visa in a report on Thursday, July 17th. They set a "buy" rating and a $410.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $380.84.

Visa Trading Down 0.5%

Shares of NYSE:V opened at $342.81 on Tuesday. Visa Inc. has a 52-week low of $265.23 and a 52-week high of $375.51. The company has a market capitalization of $628.30 billion, a P/E ratio of 33.48, a price-to-earnings-growth ratio of 2.29 and a beta of 0.94. The company has a 50-day simple moving average of $349.69 and a 200 day simple moving average of $347.45. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.13. The firm had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period last year, the business posted $2.42 earnings per share. Sell-side analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 12th. Visa's payout ratio is 23.05%.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.

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